Kinderhook Bank breaks ground for Latham office

Kinderhook Bank officials Tuesday morning broke ground for a new office at 782 Troy-Schenectady Road in Latham. The bank, which is based in Kinderhook, also has offices in Chatham, Delmar, Greenport, Valatie and East Greenbush.

Construction is expected to start next month, and the 5,000-square-foot branch is expected to be completed sometime in late October or early November, a bank spokeswoman said Tuesday.

Kinderhook Bank Corp., the holding company, last week reported it earned $599,533 in the first quarter ending March 31. Earnings were up 13 percent from $530,898 a year earlier; earnings per share rose 11 percent to 78 cents from 70 cents a year ago.

Assets climbed 13 percent to $354 million from a year earlier.

Eric Anderson

5 Responses

I’m not sure what you mean by “street corner bank,” but I have had an account with Kinderhook Bank for 40 of my 47 years, and it is a small, community-oriented bank with great customer service, competitive rates on savings accounts and a stellar reputation for small business loans. They are committed to staying small and local (well, Latham isn’t all that local, but I guess the expansion makes sense). I’ve had accounts with other regional and national banks, and Kinderhook Bank is by far the most accountable and responsive I’ve worked with.